Daily Pivots: (S1) 138.74; (P) 139.52; (R1) 140.30; More… USD/JPY is staying in consolidation above 137.66 temporary low and intraday bias remains neutral. Stronger rise cannot be ruled out, but upside should be limited below Read more…
Better-than-expected US retail sales didn’t please investors yesterday, as it fueled, again, inflation expectations. Higher inflation expectations fueled the hawkish Federal Reserve (Fed) expectations. And hawkish Fed expectations fueled recession worries – without however Fed Read more…
Market movers today In the UK, we look forward to the Chancellor’s Autumn Statement today, where PM Sunak’s government will spell out its fiscal plans. It is widely expected to include tax increases across the Read more…
AUDNZD has been trading nicely higher since start of the year and formed a clear bullish impulse. Notice that price also reached the upper trendline of an EW channel which is usually the ending point Read more…
Daily Pivots: (S1) 0.6711; (P) 0.6752; (R1) 0.6784; More… A temporary top is in place at 0.6796 with current retreat. Intraday bias in AUD/USD is turned neutral for consolidations. Further rally is expected as long Read more…
The forex markets are still engaging in corrective trading in Asian session today. Despite stronger than expected job data, Aussie trades lower following mild risk-off sentiment. Kiwi, Loonie and Sterling are are softer. On the Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…
Australia employment rose 32.2k in October, above expectation of 15.0k. Unemployment rate dropped from 3.5% to 3.4%, below expectation of 3.5%. Participation rate was unchanged at 66.5%. Monthly hours worked in all jobs rose 2.3% Read more…
Japan’s exports rose 25.3% yoy to JPY 9.00T in October, after shipments of cars and electronics components increased. Imports rose 53.5% yoy to JPY 11.16T, hitting a historical high, as led by crude oil, liquefied Read more…
BoJ Governor Haruhiko Kuroda told the parliament that it may “take a long time” to achieve the “price stability target, involving wage hikes”. He reiterated that the central bank needs to continue with its monetary Read more…